Vicor Corporation (NASDAQ:VICR) Q3 2024 Earnings Conference Call October 22, 2024 5:00 PM ET

Company Participants

Jim Schmidt – Chief Financial Officer
Phil Davies – Corporate Vice President, Global Sales and Marketing
Patrizio Vinciarelli – Chief Executive Officer
Jim Schmidt – Chief Financial Officer

Conference Call Participants

Quinn Bolton – Needham & Company
Jon Tanwanteng – CJS Securities
Richard Shannon – Craig-Hallum
Don McKenna – D.B. McKenna & Co.
Jon Gruber – Lagunitas Investments
Alan Hicks – Ainsley Capital Management
James Liberman – American Trust Investment Services

Operator

Good day everyone and thank you for standing by. Welcome to the Q3 2024 Vicor Earnings Conference Call.

Now it’s my pleasure to turn the call over to Jim Schmidt, Chief Financial Officer. Please go ahead.

Jim Schmidt

Thank you. Good afternoon and welcome to Vicor Corporation’s earnings call for the third quarter ended September 30, 2024. I am Jim Schmidt, Chief Financial Officer, and I am in Andover with Patrizio Vinciarelli, Chief Executive Officer; and Phil Davies, Corporate Vice President, Global Sales and Marketing. After the markets closed today, we issued a press release summarizing our financial results for the three and nine months ended September 30. Press release has been posted on the Investor Relations page of our website, www.vicorpower.com. We also filed a Form 8-K today related to the issuance of this press release.

I remind listeners this conference call is being recorded and it’s the copyrighted property of Vicor Corporation. I also remind you various remarks we make during this call may constitute forward-looking statements, for purposes of the Safe Harbor provisions under the Private Securities Litigation Reform Act of 1995. Except for historical information contained in this call, the matters discussed on this call, including any statements regarding current and planned products, current and potential customers, potential market opportunities, expected events and announcements, and our capacity expansion, as well as management’s expectations for sales growth, spending and profitability are forward-looking statements involving risk and uncertainties.

In light of these risk and uncertainties, we can offer no assurance that any forward-looking statement will, in fact, prove to be correct. Actual results may differ materially from those explicitly set forth and/or implied by any of our remarks today. The risk and uncertainties we face are discussed in Item 1A of our 2023 Form 10-K, which we filed with the SEC on February 28, 2024. This document is available via the EDGAR system on the SEC’s website. Please note the information provided during this conference call, is accurate only as of today, Tuesday, October 22, 2024. Vicor undertakes no obligation to update any statements, including forward-looking statements, made during this call and you should not rely upon such statements after the conclusion of this call. A webcast replay of today’s call will be available shortly on the Investor Relations page of our website.